Hi y’all, welcome back to Selling Austin - your weekly local real estate recap.

Inside: The Fed and Your Future Rates 💰️ + Google Moving In ⛵️ 

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WHAT'S INSIDE

• 🔢 THE DATA

• 🤠 WHAT’S HAPPENING AROUND TOWN

• 👋 COME SAY HI

• ⁉️ WHAT THIS MEANS FOR YOU

• 🤤 HOUSE WORTH DROOLING OVER

🔢 THE DATA

I’m an ex-dentist turned Realtor - let’s work together! Email me, tweet me or send me a carrier pigeon. 🐦️ 

Let’s check in on the what the Fed has been up to:

On May 7th, the Fed announced it will be holding interest rates steady.

Officials have suggested waiting for market reactions to economic policy changes before making decisions. The big buzz word is stagflation.

What is stagflation?

Stagflation occurs when there is a rise in inflation, unemployment and decrease in economic growth. The Fed has reiterated the growing threat of stagflation, but said America’s labor market is a “reassuring bright spot” and that “economic activity has continued to expand at a solid pace.”

When is the next cut?

Policymakers are forecasting 2 cuts in 2025. The first - potentially in June.

Read more: CNN, Forbes, GSP

🤠 WHAT’S HAPPENING AROUND TOWN

We talked a few months ago about Google finally moving into the iconic Sail Tower. Now, they’re looking for some co-tenants.

Google is marketing the top 6 floors of the 35 story tower for sublease. One big taker and commercial real estate win is Digital Realty Trust. The Austin based data center is planning on 11,200 square feet.

Google signed a full-building lease for the 804,000-square-foot tower in 2019 but has yet to occupy any of it. In March, they confirmed plans to move in later this year after paying tens of millions in rent for the unoccupied building.

Austin’s office market is one of the nation’s softest with total vacant sitting at 28.5% - just below San Fransisco.

👋 COME SAY HI

You can come see me and this house this weekend!
I’ll be hosting an open house this Saturday and Sunday from 11am-1pm.

⁉️ WHAT THIS MEANS FOR YOU

If you’re a buyer/seller/investor/renter or just interested in real estate - this weekly newsletter will help guide your decision making and help you better understand the market.

🤤 HOUSE WORTH DROOLING OVER

Something about this property feels uniquely Austin to me. It doesn’t have that cookie cutter new build feel and the view is 10/10.

Yours for: $7,400,000

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